An interesting scenario - questionable exploration permit status, yet heavily oversubcribed and additional investors lining up - an educated punt or a reckless gamble. I suspect the former, as presentation material painted the picture of solid prospects. Just need to work through the African approval processes.
Note close to Perseus holding in Ivory Coast, and they expressed confidence in yesterdays media, that would get approval for mining production licence. if so, would signal a government that is keen to progress mining in the country.
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An interesting scenario - questionable exploration permit...
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